Birchbrook Inc. Has $1.27 Million Stock Holdings in The Walt Disney Company $DIS

Birchbrook Inc. reduced its position in shares of The Walt Disney Company (NYSE:DIS) by 23.6% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 10,259 shares of the entertainment giant’s stock after selling 3,172 shares during the quarter. Birchbrook Inc.’s holdings in Walt Disney were worth $1,272,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in DIS. Greenland Capital Management LP bought a new stake in shares of Walt Disney during the second quarter valued at approximately $5,812,000. Pin Oak Investment Advisors Inc. grew its position in Walt Disney by 4.5% in the 2nd quarter. Pin Oak Investment Advisors Inc. now owns 2,310 shares of the entertainment giant’s stock valued at $286,000 after purchasing an additional 100 shares during the period. Wescott Financial Advisory Group LLC increased its stake in Walt Disney by 1.2% during the 2nd quarter. Wescott Financial Advisory Group LLC now owns 8,064 shares of the entertainment giant’s stock valued at $1,000,000 after purchasing an additional 95 shares in the last quarter. Semus Wealth Partners LLC raised its holdings in Walt Disney by 6.7% during the second quarter. Semus Wealth Partners LLC now owns 2,233 shares of the entertainment giant’s stock worth $277,000 after buying an additional 140 shares during the last quarter. Finally, Purus Wealth Management LLC bought a new position in shares of Walt Disney in the second quarter valued at $242,000. Institutional investors and hedge funds own 65.71% of the company’s stock.

Walt Disney Stock Performance

Shares of DIS opened at $106.34 on Wednesday. The stock has a 50 day moving average of $112.31 and a 200 day moving average of $114.94. The company has a market capitalization of $189.85 billion, a price-to-earnings ratio of 16.67, a PEG ratio of 1.45 and a beta of 1.55. The Walt Disney Company has a 12 month low of $80.10 and a 12 month high of $124.69. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.32.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Thursday, November 13th. The entertainment giant reported $1.11 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.08. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.The business had revenue of $22.46 billion for the quarter, compared to analysts’ expectations of $22.78 billion. During the same quarter in the previous year, the firm earned $1.14 earnings per share. The business’s revenue was down .5% on a year-over-year basis. As a group, sell-side analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current year.

Walt Disney Dividend Announcement

The business also recently declared a dividend, which will be paid on Wednesday, July 22nd. Investors of record on Tuesday, June 30th will be given a dividend of $0.75 per share. The ex-dividend date is Tuesday, June 30th. This represents a yield of 139.0%. Walt Disney’s dividend payout ratio is presently 21.87%.

Wall Street Analyst Weigh In

Several research firms have recently commented on DIS. Cowen reissued a “hold” rating on shares of Walt Disney in a research report on Friday. Wells Fargo & Company decreased their price objective on Walt Disney from $159.00 to $152.00 and set an “overweight” rating for the company in a report on Friday, November 14th. Rosenblatt Securities reissued a “buy” rating and issued a $141.00 price objective on shares of Walt Disney in a research note on Friday, October 17th. KeyCorp reaffirmed a “sector weight” rating on shares of Walt Disney in a research report on Friday. Finally, Susquehanna reiterated a “neutral” rating on shares of Walt Disney in a report on Monday, August 11th. Eighteen research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $134.41.

Walt Disney Company Profile

The Walt Disney Company operates as an entertainment company worldwide. It operates through three segments: Entertainment, Sports, and Experiences. The company produces and distributes film and television video streaming content under the ABC Television Network, Disney, Freeform, FX, Fox, National Geographic, and Star brand television channels, as well as ABC television stations and A+E television networks; and produces original content under the ABC Signature, Disney Branded Television, FX Productions, Lucasfilm, Marvel, National Geographic Studios, Pixar, Searchlight Pictures, Twentieth Century Studios, 20th Television, and Walt Disney Pictures banners.